2.2.0.7 false Financial Risk Management Activities 01150 - Disclosure - Financial Risk Management Activities true false false false 1 USD false false Monetary Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EarninsPerShareUSD Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Financial Risk Management Activities 0 us-gaap_RisksAndUncertaintiesAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Financial Risk Management Activities 1 us-gaap_FairValueConcentrationOfRiskTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 In the normal course of its operations, the Company is exposed to gold and other commodity price, currency, interest rate, equity price, liquidity and non-performance risk, which includes credit risk. The Company is also exposed to certain by-product commodity price risk. In order to manage these risks, the Company enters into derivative transactions and has developed a risk management process to facilitate, control and monitor these risks. The board has approved and monitors this risk management process, inclusive of documented treasury policies, counterpart limits, controlling and reporting structures. The Company does not acquire, hold or issue derivatives for trading purposes. Although all derivative transactions executed by the Company serve to economically manage the Company's risk to the market factors discussed above, not all such derivatives qualify for hedge accounting treatment, including instances whereby management has elected to not designate such derivatives as part of a qualifying hedge accounting relationship.The financial risk management activities objectives of the Company are as follows: <ul><li>Safeguarding the Company's core earnings stream through the effective control and management of gold and other commodity price risk, foreign exchange risk and interest rate risk;</li><li>Effective and efficient usage of credit facilities through the adoption of liquidity planning procedures;</li><li>Ensuring that investment and hedging transactions are undertaken with creditworthy counterparts; and</li><li>Ensuring that contracts and agreements related to risk management activities are coordinated, consistent throughout the Company and comply where necessary with relevant regulatory and statutory requirements.</li></ul>A number of products, including derivatives are used to satisfy these objectives. Contracts that meet the criteria for hedge accounting are designated as the hedging instruments hedging the variability of forecasted cash flows from the sale of production into the spot market and from capital expenditure denominated in a foreign currency and are classified as cash flow hedges under the FASB ASC guidance on derivatives and hedging. Cash flows related to these instruments designated as qualifying hedges are reflected in the consolidated statement of cash flows in the same category as the cash flow from the items being hedged. Accordingly, cash flows relating to the settlement of forward sale commodity derivatives contracts hedging the forecasted sale of production into the spot market as well as the forward sale currency derivative contracts hedging the forecasted capital expenditure, have been reflected upon settlement as a component of operating cash flows. The ineffective portion of matured and existing cash flow hedges recognized in loss on non-hedge derivatives in the income statement during the year was $5 million (2008: $8 million; 2007: $10 million). Of the contracts accounted for as cash flow hedges, contracts with a fair value of $37 million (2008: $123 million; 2007: $194 million), a liability at December 31, 2009 are expected to be reclassified from accumulated other comprehensive income and recognized as a reduction in product sales or as an adjustment to depreciation expense pertaining to capital expenditure during 2010. A loss on non-hedge derivatives of $1,452 million was recorded in 2009 (2008: $258 million; 2007: $808 million). See "Note 5 – Cost and expenses: Non-hedge derivative loss" for additional information.Gold price risk management activitiesGold derivative instruments are denominated in South African rands, US dollars and Australian dollars. The derivative instruments utilized are forward sale and purchase contracts, purchased and sold put options, and purchased and sold call options. The mix of derivative instruments, the volume of production hedged and the tenor of the hedge book is continuously reviewed in light of changes in operational forecasts, market conditions and the Company's hedging policy as set by the board of directors. The Company's reserve and financial strength has allowed it to arrange unmargined credit lines with counterparts. Some of the instruments described above are designated and accounted for as cash flow hedges. The remaining cash flow hedged forecast transactions are expected to occur during 2010, in line with the maturity date of the hedging instrument.Forward sales contracts establish the price of future gold sales at a specified price. A number of these contracts are intended by AngloGold Ashanti for delivery against production in a future period. The volume of net outstanding forward sales type contracts at the end of 2009 was 571kg (2008: 39,990kg). The volume of outstanding net call options sold was 120,594kg (2008: 146,542kg) and the volume of outstanding net put options sold was 27,071kg (2008: 16,963kg). A put option gives the put buyer the right, but not the obligation, to sell the underlying to the put seller at a predetermined price on a predetermined date. A call option gives the call buyer the right, but not the obligation, to buy the underlying from the call seller at a predetermined price on a predetermined date. The Company's risk in selling gold call options is unlimited but mitigated by the fact that the Company produces the commodity required by the option contract and can partially offset any loss resulting from sold call options via the sale of production in the open market.The fair value of early termination options as at December 31, 2009 amounted to $nil (December 31, 2008: $498 million) as these options were part of the hedge buy-back effected during July 2009.Rights offer and hedge buy-backsDuring 2008, the Company communicated a board approved strategy to begin reducing its outstanding gold derivatives position in order to be more exposed to spot gold prices. The Company also communicated that it would begin considering alternatives to reduce its outstanding gold derivatives position in future periods. The principal purpose of the rights offer concluded during July 2008 was to provide additional financial resources to improve the Company's financial flexibility. In particular, the net proceeds allowed the Company to significantly restructure and reduce its gold derivatives position, which has adversely affected financial performance in recent years, while also being able to continue to fund the Company's principal development projects and exploration growth initiatives. The Company capitalized on a weaker gold market during 2008 in executing a combination of early cash and physical settlement of a portion of its non-hedge derivative contracts (which had been recorded at fair value in the Company's financial statements, with changes in such fair value recorded in the income statement), originally scheduled to mature in years 2008 to 2010.During July 2009, the Company also embarked on a hedge buy-back that resulted in the accelerated cash settlement of both non-hedge and forward gold contracts qualifying for the NPSE. See "Note 5 – Cost and expenses: Non-hedge derivative loss" for additional information relating to this transaction, including its impact on the 2009 consolidated financial statements.The Company has therefore been able to make substantial progress in the reduction of its gold derivatives position, and although its results of operations and cash flows for 2008 and 2009 were adversely impacted given the early cash settlement of non-hedge derivatives and certain NPSE contracts with low contracted sales prices, respectively, committed ounces have been reduced to 3.90 million ounces as at December 31, 2009 (December 31, 2008: 5.99 million committed ounces). During the year ended December, 2009, the Company also continued to deliver into hedge commitments, as part of its strategy to reduce its overall hedge position and increase exposure to spot gold prices. The combination of the early cash settlement and physical delivery against derivatives contracts will allow the Company to benefit from improved participation in the spot gold price in future periods, earlier than anticipated. Net delta open hedge position as at December 31, 2009The Company has an established practice of actively managing its hedged commitments under changing market circumstances.As of December 31, 2009, the hedge book reflected a net delta tonnage position of 3.49 million ounces (108 tonnes). As of December 31, 2008, the hedge book reflected a net delta tonnage position of 5.22 million ounces (162 tonnes).The marked-to-market value of all hedge transactions making up the hedge positions as at December 31, 2009 was a liability of $2,175 million, which represents a decrease of $280 million from a liability of $2,455 million as at December 31, 2008. This value was based on a gold price of $1,102 per ounce, exchange rates of $1 = R7.435 and A$1 = $0.8967 and the prevailing market interest rates and volatilities at December 31, 2009. The values as at December 31, 2008 were based on a gold price of $872 per ounce, exchange rates of $1 = R9.4550 and A$1 = $0.6947 and the prevailing market interest rates and volatilities at that date.These marked-to-market valuations are not predictive of the future value of the hedge position, nor of the future impact on the revenue of the Company. The valuation represents the theoretical cost of exiting all hedge contracts at the time of valuation, at market prices and rates available at that time.The Company had the following net forward pricing commitments outstanding against future production as at December 31, 2009.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">Year</td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">2010</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">2011</td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">2012</td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">2013</td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">2014</td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">2015</td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">Total</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:150px;">DOLLAR GOLD</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Forward contracts</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">* (13,534)</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> 1,866</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 3,810</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 3,717</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 2,846</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;">* (1,295)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">$ per oz</td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">*$909</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">$227</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$418</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$477</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$510</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">*$5,457</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Put options sold</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 14,801</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> 4,603</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 2,659</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 1,882</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 1,882</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 25,827</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">$ per oz</td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">$929</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">$623</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$538</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$440</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$450</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">$764</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Call options sold</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 33,137</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> 24,161</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 25,238</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 17,857</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 21,165</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 902</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 122,460</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:71px;">$ per oz</td><td style="width: 59px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;">$619</td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;">$554</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$635</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$601</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$604</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;">$670</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:57px;">$605</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:150px;">RAND GOLD</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Forward contracts</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">* (1,244)</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;">* (1,244)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">Rand per kg</td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">*R 232,225</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">*R 232,225</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Put options sold</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 1,244</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 1,244</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">Rand per kg</td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">R 240,354</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">R 240,354</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Call options sold</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 1,244</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 1,244</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:71px;">Rand per kg</td><td style="width: 59px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;">R 262,862</td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:57px;">R 262,862</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">AUD DOLLAR GOLD</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Forward contracts</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 3,110</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 3,110</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;">A$ per oz</td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;">A$646</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:57px;">A$646</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">Call options purchased</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Amount (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> 3,110</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> 3,110</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 150px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 71px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:71px;">A$ per oz</td><td style="width: 59px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;">A$712</td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:57px;">A$712</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" rowspan="2" style="width: 150px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:150px;">**Total net gold:</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">Delta (kg)</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> (13,582)</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:59px;"> (24,567)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (26,855)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (20,278)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (22,383)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (817)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (108,482)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 130px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:71px;">Delta (oz)</td><td style="width: 59px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"> (436,666)</td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"> (789,849)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (863,406)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (651,962)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (719,638)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:57px;"> (26,258)</td><td style="width: 57px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:57px;"> (3,487,779)</td></tr><tr style="height: 26px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="3" style="width: 221px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:221px;">Hedge delta as a percentage of current production levels (%)***</td><td style="width: 59px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:59px;">9%</td><td style="width: 13px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:59px;">17%</td><td style="width: 57px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:57px;">19%</td><td style="width: 57px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:57px;">14%</td><td style="width: 57px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:57px;">16%</td><td style="width: 57px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:57px;">1%</td><td style="width: 57px; border-top-style:double;border-top-width:3px;border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">* </td><td colspan="10" style="width: 617px; text-align:left;border-color:#000000;min-width:617px;">Represents a net long gold position and net short US Dollars/rands position resulting from both forward sales and purchases for the period.</td></tr><tr style="height: 28px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">** </td><td colspan="10" style="width: 617px; text-align:left;border-color:#000000;min-width:617px;">The Delta of the hedge position indicated above is the equivalent gold position that would have the same marked-to-market sensitivity for a small change in the gold price. This is calculated using the Black-Scholes option formula with the ruling market prices, interest rates and volatilities as at December 31, 2009.</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">*** </td><td colspan="10" style="width: 617px; text-align:left;border-color:#000000;min-width:617px;">Weighted average percentage based on 2009 full year production of 4,599,000 ounces.</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 260px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:260px;"> </td><td style="width: 101px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;">Year</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;">2010</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 260px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:260px;">GOLD LEASE RATE SWAPS</td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; border-right-style:solid;border-right-width:1px;text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 56px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" rowspan="2" style="width: 260px; text-align:left;border-color:#000000;min-width:260px;">Gold borrowing cost associated with forward contracts(1)</td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; border-right-style:solid;border-right-width:1px;text-align:left;border-color:#000000;min-width:65px;">Amount (oz)</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">100,000</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 240px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 101px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:65px;">Interest rate %</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:56px;">2.05</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"> </td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> </td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">(1) </td><td colspan="7" style="width: 616px; text-align:left;border-color:#000000;min-width:616px;">Gold borrowing cost relating to Australian dollar gold forwards:</td></tr><tr style="height: 59px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="7" style="width: 616px; text-align:left;border-color:#000000;min-width:616px;">The Australian dollar denominated gold forward contract prices are presented on a net basis where the final price of the contract is determined by the cost of borrowing gold over the full duration of the contract. The net prices in the table above have been adjusted to take account of the total expected future cost of all accumulated costs incurred to date and the expected future borrowing cost based on ruling market prices. The amount shown under “Gold borrowing cost associated with forward contracts” in the table above is the face value of the borrowing amount and the period in which it matures. The interest rates shown are the future market rates prevailing at the time of the financial statements.</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;"> </td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;"> </td></tr></table></div>Foreign exchange price risk protection agreementsThe Company enters into currency forward exchange and currency option contracts to hedge certain anticipated transactions denominated in foreign currencies. The objective of the Company's foreign currency hedging activities is to protect the Company from the risk that the eventual cash flows resulting from transactions denominated in US dollars will be adversely affected by changes in exchange rates.As at December 31, 2009, the Company had no open forward exchange or currency option contracts in its currency hedge position.Interest rate and liquidity riskFluctuations in interest rates impacts interest paid and received on the short-term cash investments and financing activities, giving rise to interest rate risk.In the ordinary course of business, the Company receives cash from the proceeds of its gold sales and is required to fund working capital requirements. This cash is managed to ensure surplus funds are invested in a manner to achieve market related returns while minimizing risks. The Company is able to actively source financing at competitive rates. The counterparts are financial and banking institutions and their credit ratings are regularly monitored by the company.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="10" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">Cash and loans advanced maturity profile</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:left;border-color:#000000;min-width:55px;"> </td><td colspan="4" style="width: 236px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:236px;">2009</td><td colspan="4" style="width: 236px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:236px;">2008</td></tr><tr style="height: 60px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:110px;">Maturity date</td><td style="width: 55px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:55px;">Currency</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;">Fixed rate investment amount (million)</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">Effective rate %</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;">Floating rate investment amount (million)</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">Effective rate %</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;">Fixed rate investment amount (million)</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">Effective rate %</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;">Floating rate investment amount (million)</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">Effective rate %</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">All less than one year</td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">USD</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 506</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">0.29</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 178</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">0.13</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 166</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">2.48</td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 121</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">1.95</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">ZAR</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 1,135</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">7.03</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 839</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">6.38</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 930</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">11.50</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 668</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">10.84</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">AUD</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 13</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">3.52</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">EUR</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 1</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">0.50</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">CAD</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 1</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">0.08</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">HKD</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 1</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">0.01</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 1</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">2.25</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">BRL</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 152</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">10.20</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 144</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">13.52</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">ARS</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 4</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">10.23</td><td style="width: 62px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"> 5</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:56px;">12.50</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:55px;">NAD</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"> -</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;"> -</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 155</td><td style="width: 56px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;">11.58</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"> 96</td><td style="width: 56px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;">9.40</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="10" style="width: 638px; text-align:left;border-color:#000000;min-width:638px;">Borrowings maturity profile</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 56px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:56px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:54px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:54px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:54px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td colspan="2" style="width: 129px; text-align:center;border-color:#000000;min-width:129px;"> </td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;">Between</td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;">Between</td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td colspan="2" style="width: 129px; text-align:center;border-color:#000000;min-width:129px;">Within one year</td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;">one and two years</td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;">two and five years</td><td colspan="2" style="width: 125px; text-align:center;border-color:#000000;min-width:125px;">After five years</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">Total</td></tr><tr style="height: 36px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Currency</td><td style="width: 73px; text-align:right;border-color:#000000;min-width:73px;">Borrowings Amount (million)</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">Effective Rate %</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">Borrowings Amount (million)</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">Effective Rate %</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">Borrowings Amount (million)</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">Effective Rate %</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">Borrowings Amount (million)</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">Effective Rate %</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">Borrowings amount (million)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td><td style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:73px;">1,290</td><td style="width: 56px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:56px;">2.3</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:71px;">9</td><td style="width: 54px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:54px;">3.5</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:71px;">618</td><td style="width: 54px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:54px;">3.5</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:71px;">-</td><td style="width: 54px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:54px;">-</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">1,917</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">ZAR</td><td style="width: 73px; text-align:right;border-color:#000000;min-width:73px;">2</td><td style="width: 56px; text-align:right;border-color:#000000;min-width:56px;">9.8</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">2</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">9.8</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">14</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">9.8</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;">240</td><td style="width: 54px; text-align:right;border-color:#000000;min-width:54px;">9.8</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">258</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">BRL</td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:73px;">3</td><td style="width: 56px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:56px;">6.1</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">3</td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:54px;">6.0</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">5</td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:54px;">6.0</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">-</td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:54px;">-</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">11</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="8" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">Interest rate risk</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:105px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 27px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; text-align:left;border-color:#000000;min-width:105px;"> </td><td colspan="2" style="width: 152px; text-align:center;border-color:#000000;min-width:152px;">Fixed for less than one year</td><td colspan="2" style="width: 152px; text-align:center;border-color:#000000;min-width:152px;">Fixed for between one and three years</td><td colspan="2" style="width: 152px; text-align:center;border-color:#000000;min-width:152px;">Fixed for greater than three years</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Total</td></tr><tr style="height: 40px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; text-align:right;border-color:#000000;min-width:105px;">Currency</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Borrowings Amount (million)</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Effective Rate %</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Borrowings Amount (million)</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Effective Rate %</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Borrowings Amount (million)</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Effective Rate %</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Borrowings amount (million)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:105px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,290</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">2.3</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">11</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">3.5</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">616</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">3.5</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,917</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; text-align:right;border-color:#000000;min-width:105px;">ZAR</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">2</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">9.8</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">5</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">9.8</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">251</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">9.8</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">258</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 105px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:105px;">BRL</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">3</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">6.1</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">5</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">6.0</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">3</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">6.0</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">11</td></tr></table></div>Non-performance riskRealization of contracts is dependent upon the counterparts' performance. The Company has not obtained collateral or other security to support financial instruments subject to non-performance risk, but regularly monitors the credit standing of counterparts. The Company spreads its business over a number of financial and banking institutions and believes that little to no concentration of non-performance risk exists. Limits for each counterpart are based on the assessed credit quality of each counterpart. The AngloGold Ashanti Treasury Committee makes recommendations for board approval of all counterparts and the limits to be applied to each counterpart. Where possible, management puts ISDA netting agreements in place.The combined maximum credit exposure at the balance sheet date amounts to $335 million (2008: $571 million). Credit risk exposure netted by counterparts amounts to $104 million (2008: $207 million). No set-off is applied to balance sheet amounts due to the different maturity profiles of assets and liabilities.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="3" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">The combined maximum credit risk exposure of the Company as at December 31, 2009 is as follows.</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;">At December 31,</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:right;border-color:#000000;min-width:100px;">2009</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="3" style="width: 637px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:637px;">$</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:center;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;">Forward sales type agreements - commodity</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:right;border-color:#000000;min-width:100px;">283</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;">Option contracts - commodity</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:right;border-color:#000000;min-width:100px;">47</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;">Warrants on shares</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:right;border-color:#000000;min-width:100px;">5</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:100px;">335</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr><tr style="height: 30px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="3" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">The fair value of derivative assets and liabilities reflects non-performance risk relating to the counterparts and the Company, respectively, as at December, 2009.</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 463px; text-align:left;border-color:#000000;min-width:463px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="3" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">The table below provides a summary of the number, type and credit quality of AngloGold Ashanti's hedge counterparts.</td></tr><tr style="height: 9px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:200px;"> </td><td style="width: 205px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:205px;"> </td><td style="width: 232px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:232px;"> </td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:200px;">Number of Counterparts</td><td style="width: 205px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:205px;">Type</td><td style="width: 232px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:232px;">Credit Rating (Fitch)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:200px;">4</td><td style="width: 205px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:232px;">AA</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">10</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AA-</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">9</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A+</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">2</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A-</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">International Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">BBB+</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">South African Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AAA(zaf)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">3</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">South African Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AA(zaf)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">South African Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A+(zaf)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">6</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">Brazilian Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AAA(bra)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">4</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">Brazilian Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AA+(bra)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">Brazilian Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">AA(bra)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">Brazilian Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A+(bra)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; text-align:center;border-color:#000000;min-width:205px;">Brazilian Bank</td><td style="width: 232px; text-align:center;border-color:#000000;min-width:232px;">A(bra)</td></tr><tr style="height: 14px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 200px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:200px;">1</td><td style="width: 205px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:205px;">Trade Finance House</td><td style="width: 232px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:232px;">Not rated</td></tr></table></div>Due to the inability of a single counterpart to accept the physical delivery of gold under the terms of NPSE designated forward contracts expiring in April through June 2008, the Company cash settled such contracts with this counterpart during that period. In 2008, the Company also reclassified all remaining outstanding contracts with this counterpart from the NPSE category to the "non-hedge derivatives" category as they no longer qualified for the exemption permitted by the FASB ASC guidance on derivatives and hedging. See "Note 5 – Cost and expenses: Non-hedge derivative loss" for additional information.The Company has not experienced and does not anticipate non-performance by any other counterparts.Fair value of financial instrumentsThe estimated fair values of financial instruments are determined at discrete points in time based on relevant market information. The estimated fair values of the Company's financial instruments, as measured at December 31, 2009 and 2008, are as follows (assets (liabilities)):<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 273px; text-align:left;border-color:#000000;min-width:273px;"> </td><td colspan="3" style="width: 160px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:160px;"> December 31, 2009</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;"> </td><td colspan="3" style="width: 160px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:160px;"> December 31, 2008</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td rowspan="3" style="width: 273px; text-align:left;border-color:#000000;min-width:273px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Carrying</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Carrying</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">amount</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Fair Value</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">amount</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Fair Value</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 293px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:293px;">Cash and cash equivalents</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1,100</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1,100</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">575 </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">575 </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 293px; text-align:left;border-color:#000000;min-width:293px;">Restricted cash</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 65</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 65</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">44 </td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">44 </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 293px; text-align:left;border-color:#000000;min-width:293px;">Short-term debt</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1,292)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1,292)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1,067)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1,048)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 293px; text-align:left;border-color:#000000;min-width:293px;">Long-term debt</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (667)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (889)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (873)</td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (873)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 293px; text-align:left;border-color:#000000;min-width:293px;">Derivatives(1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2,366)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2,366)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1,317)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2,497)</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 273px; text-align:left;border-color:#000000;min-width:273px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td></tr><tr style="height: 24px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">(1) </td><td colspan="9" style="width: 617px; text-align:left;border-color:#000000;min-width:617px;">Carrying amounts represent on-balance sheet derivatives and fair value includes off-balance sheet NPSE contracts in 2008.</td></tr></table></div>The following is the fair value of the derivative (liabilities)/assets split by accounting designation:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 224px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:431px;">December 31, 2009</td></tr><tr style="height: 13px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; text-align:center;border-color:#000000;min-width:431px;">Assets</td></tr><tr style="height: 44px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:center;border-color:#000000;min-width:177px;">Balance Sheet location</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Cash flow hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Non-hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Total</td></tr><tr style="height: 13px"><td style="width: 224px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:244px;">Forward sales type agreements - commodity</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 283</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 283</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - commodity</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 47</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 47</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Total hedging contracts</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 330</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 330</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Warrants on shares</td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;">Non-current assets - derivatives</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 5</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 5</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:244px;">Total derivatives</td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 335</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 335</td></tr><tr style="height: 10px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 13px"><td style="width: 224px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:431px;">December 31, 2009</td></tr><tr style="height: 13px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; text-align:center;border-color:#000000;min-width:431px;">Liabilities</td></tr><tr style="height: 44px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:center;border-color:#000000;min-width:177px;">Balance Sheet location</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Cash flow hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Non-hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Total</td></tr><tr style="height: 13px"><td style="width: 224px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:244px;">Forward sales type agreements - commodity</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (37)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (441)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (478)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - commodity</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (2,034)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (2,034)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Interest rate swaps – Gold</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (13)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (13)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Total hedging contracts</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"> (37)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (2,488)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (2,525)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Embedded derivatives</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Non-current liabilities - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (1)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (1)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option component of convertible bonds</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Non-current liabilities - derivatives</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (175)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (175)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:244px;">Total derivatives</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> (37)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (2,664)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (2,701)</td></tr><tr style="height: 8px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 6px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 224px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:431px;">December 31, 2008</td></tr><tr style="height: 13px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; text-align:center;border-color:#000000;min-width:431px;">Assets</td></tr><tr style="height: 44px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:center;border-color:#000000;min-width:177px;">Balance Sheet location</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Normal sale exempted</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Cash flow hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Non-hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Total</td></tr><tr style="height: 13px"><td style="width: 224px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:244px;">Forward sales type agreements - commodity</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 468</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 468</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - commodity</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 56</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 56</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Forward sales agreements - currency</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 25</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 25</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - currency</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 6</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 6</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Interest rate swaps – Gold</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 15</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 15</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Total hedging contracts</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 570</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 570</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Warrants on shares</td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;">Current assets - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 1</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> 1</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:244px;">Total derivatives</td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 571</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> 571</td></tr><tr style="height: 13px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 13px"><td style="width: 224px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:431px;">December 31, 2008</td></tr><tr style="height: 13px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 431px; text-align:center;border-color:#000000;min-width:431px;">Liabilities</td></tr><tr style="height: 44px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:center;border-color:#000000;min-width:177px;">Balance Sheet location</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Normal sale exempted(1)</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;">Cash flow hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Non-hedge accounted</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">Total</td></tr><tr style="height: 13px"><td style="width: 224px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">$</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:244px;">Forward sales type agreements - commodity</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:177px;">Non-current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (25)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (105)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (130)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Forward sales type agreements - commodity</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (622)</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (121)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (311)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (1,054)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - commodity</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (534)</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (1,311)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (1,845)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Forward sales agreements - currency</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (1)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (9)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (10)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Option contracts - currency</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (5)</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (5)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; text-align:left;border-color:#000000;min-width:244px;">Interest rate swaps – Gold</td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;">Current liabilities - derivatives</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> (24)</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> -</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> (24)</td></tr><tr style="height: 13px"><td colspan="2" style="width: 244px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:244px;">Total derivatives</td><td style="width: 177px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> (1,180)</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"> (147)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (1,741)</td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"> (3,068)</td></tr><tr style="height: 8px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 12px"><td colspan="7" style="width: 675px; text-align:left;border-color:#000000;min-width:675px;">(1)NPSE exempted contracts not reported on balance sheet.</td></tr><tr style="height: 6px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 30px"><td colspan="7" style="width: 675px; text-align:left;border-color:#000000;min-width:675px;">The derivative assets (liabilities) are stated after taking into consideration the impact of credit risk adjustment totaling $150 million as of December 31, 2009 (2008: $227 million).</td></tr><tr style="height: 6px"><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 177px; text-align:left;border-color:#000000;min-width:177px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Non-hedge derivative gain/(loss) recognized</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 7px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:353px;"> </td><td colspan="2" style="width: 264px; border-top-style:solid;border-top-width:1px;border-left-style:solid;border-left-width:1px;text-align:center;border-color:#000000;min-width:264px;"> Year ended December 31, 2009</td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 7px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:center;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:353px;"> </td><td colspan="2" style="width: 264px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:264px;">Location of gain/(loss) in income statement $</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Realized</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Forward sales type agreements - commodity</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (535)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> (1)</td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Option contracts - commodity</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (144)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> (1)</td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Forward sales agreements - currency</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 107</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Option contracts - currency</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 12</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Interest rate swaps - Gold</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> 16</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (544)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 5px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Unrealized </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Forward sales type agreements - commodity</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (188)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> (2)</td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Option contracts - commodity</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (648)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> (2)</td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Forward sales agreements - currency</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (15)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Option contracts - currency</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (3)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Interest rate swaps - Gold</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (25)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> (2)</td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Option component of convertible bonds</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (33)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Embedded derivatives</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Warrants on shares</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;">Non-hedge derivative gain/(loss)</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> 5</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (908)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 5px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 15px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;">Loss on non-hedge derivatives</td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> (1,452)</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 5px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 16px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;">(1) </td><td colspan="3" style="width: 617px; text-align:left;border-color:#000000;min-width:617px;">Includes $580 million loss related to accelerated settlement of contracts previously designated as NPSE.</td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 16px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;">(2) </td><td colspan="2" style="width: 543px; text-align:left;border-color:#000000;min-width:543px;">Includes $556 million loss related to re-designation of contracts formerly qualifying for the NPSE designation.</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 5px"><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"> </td><td style="width: 190px; text-align:left;border-color:#000000;min-width:190px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="2" style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Other comprehensive income</td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:153px;"> </td><td colspan="5" style="width: 481px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:481px;"> Year ended December 31, 2009</td></tr><tr style="height: 6px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;"> </td><td colspan="5" style="width: 481px; text-align:center;border-color:#000000;min-width:481px;"> </td></tr><tr style="height: 45px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; text-align:center;border-color:#000000;min-width:92px;">Cash flow hedges, before tax</td><td colspan="2" style="width: 188px; text-align:center;border-color:#000000;min-width:188px;">Cash flow hedges removed from equity, before tax</td><td colspan="2" style="width: 201px; text-align:center;border-color:#000000;min-width:201px;">Hedge ineffectiveness, before tax</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">$</td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">$</td><td style="width: 130px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">$</td></tr><tr style="height: 165px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">Gain/(loss) recognized in accumulated other comprehensive income (effective portion)</td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;">Location of (gain)/loss reclassified from accumulated other comprehensive income into income (effective portion)</td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">Amount of (gain)/loss reclassified from accumulated other comprehensive income into income (effective portion)</td><td style="width: 130px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:130px;">Location of (gain)/loss recognized in income (ineffective portion)</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">Amount of (gain)/loss recognized in income (ineffective portion)</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;">Forward sales type agreements - commodity</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> (16)</td><td style="width: 96px; text-align:center;border-color:#000000;min-width:96px;">Product sales</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 137</td><td style="width: 130px; text-align:center;border-color:#000000;min-width:130px;">Non-hedge derivatives gain/(loss)</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> 5</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;">Forward sales agreements - currency</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> (1)</td><td style="width: 96px; text-align:center;border-color:#000000;min-width:96px;">Depreciation</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> -</td><td style="width: 130px; text-align:center;border-color:#000000;min-width:130px;">Non-hedge derivatives gain/(loss)</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> (17)</td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 137</td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> 5</td></tr><tr style="height: 5px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 153px; text-align:left;border-color:#000000;min-width:153px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="3" style="width: 357px; text-align:left;border-color:#000000;min-width:357px;">Other comprehensive income</td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 7px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 6px"><td style="width: 191px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:39px;"> </td><td colspan="4" style="width: 445px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:445px;"> </td></tr><tr style="height: 60px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;">Accumulated other comprehensive income as of January 1, 2009</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;">Changes in fair value recognised in 2009</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;">Reclassification adjustments</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;">Accumulated other comprehensive income as of December 31, 2009</td></tr><tr style="height: 15px"><td style="width: 191px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;">$</td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;">$</td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">$</td><td style="width: 130px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;">$</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Derivatives designated as</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:center;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Gold sales</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;"> (178)</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> (16)</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 142</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;"> (52)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Capital expenditure</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;"> (2)</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> (2)</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 1</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;"> (3)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Before tax totals</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;"> (180)</td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> (18)</td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 143</td><td style="width: 130px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;"> (55)(1)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">After tax totals</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;"> (112)</td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> (13)</td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 103</td><td style="width: 130px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;"> (22)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 16px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 15px"><td style="width: 191px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:39px;"> </td><td colspan="4" style="width: 445px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:445px;"> </td></tr><tr style="height: 60px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;">Accumulated other comprehensive income as of January 1, 2008</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;">Changes in fair value recognised in 2008</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;">Reclassification adjustments</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;">Accumulated other comprehensive income as of December 31, 2008</td></tr><tr style="height: 15px"><td style="width: 191px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;">$</td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;">$</td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">$</td><td style="width: 130px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;">$</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Derivatives designated as</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:center;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Gold sales</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;"> (312)</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> (87)</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 221</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;"> (178)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Capital expenditure</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:right;border-color:#000000;min-width:127px;"> -</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> (2)</td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> -</td><td style="width: 130px; text-align:right;border-color:#000000;min-width:130px;"> (2)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">Before tax totals</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;"> (312)</td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> (89)</td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 221</td><td style="width: 130px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;"> (180)(1)</td></tr><tr style="height: 15px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;">After tax totals</td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:127px;"> (216)</td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> (61)</td><td style="width: 92px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 165</td><td style="width: 130px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:130px;"> (112)</td></tr><tr style="height: 5px"><td style="width: 191px; text-align:left;border-color:#000000;min-width:191px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 127px; text-align:left;border-color:#000000;min-width:127px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 130px; text-align:left;border-color:#000000;min-width:130px;"> </td></tr><tr style="height: 31px"><td colspan="6" style="width: 675px; text-align:left;border-color:#000000;min-width:675px;">(1)Includes cumulative net translation differences of $18 million (2008: $33 million) resulting from the revaluation and settlement of non US dollar denominated cash flow hedge contracts.</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="8" style="width: 636px; text-align:left;border-color:#000000;min-width:636px;">Maturity profile of on-balance sheet derivatives, at carrying value</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 355px; text-align:left;border-color:#000000;min-width:355px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 46px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:375px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">Total $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">2009 Assets $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">Liabilities $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts to mature within twelve months of balance sheet date</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (2,195)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> 330</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (2,525)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts maturing between one and two years</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> 5</td><td style="width: 16px; border-color:#000000;min-width:16px;">1</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> 5</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts maturing between two and five years</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (175)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (175)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts to mature thereafter</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (1)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (1)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Total</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> (2,366)</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> 335</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> (2,701)</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 355px; text-align:left;border-color:#000000;min-width:355px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 46px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:375px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">Total $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">2008 Assets $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">Liabilities $</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts to mature within twelve months of balance sheet date</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (1,187)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> 571</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (1,758)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts maturing between one and two years</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (49)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (49)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Amounts maturing between two and five years</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (81)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> (81)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Total</td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> (1,317)</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> 571</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> (1,888)</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr></table></div>The following methods and assumptions were used to estimate the fair value of each class of financial instrument:Cash restricted for use, cash and cash equivalents and short-term debtThe carrying amounts approximate fair value because of the short-term duration of these instruments. Long-term debtThe fair value of the convertible bonds are shown at their quoted market value. Other long-term debt re-prices on a short-term floating rate basis, and accordingly the carrying amount approximates to fair value.DerivativesThe fair value of volatility-based instruments (i.e. options) are estimated based on market prices, volatilities, credit risk and interest rates, while the fair value of forward sales and purchases are estimated based on the quoted market prices and credit risk for the contracts at December 31, 2009 and 2008. The Company uses the Black-Scholes option pricing formula to value option contracts. The amounts disclosed in 2008 include those contracts accounted for as normal purchase and sale exemption derivatives.Sensitivity analysisDerivativesA principal part of the Company's management of risk is to monitor the sensitivity of derivative positions in the hedge book to changes in the underlying factors, including commodity prices, foreign exchange rates and interest rates under varying scenarios. Additionally the Company's management of risk is to monitor the sensitivity of the convertible bonds to changes in AngloGold Ashanti Limited's share price and warrants on shares.The following table discloses the approximate sensitivities, in US dollars, of the fair value of the hedge book, warrants on shares and the convertible bonds to key underlying factors at December 31, 2009 (actual changes in the timing and amount of the following variables may differ from the assumed changes below).The table sets out the impact on the fair value of the hedge book of an incremental parallel fall or rise in the respective yield curves at the beginning of each month, quarter or year (as is appropriate) from January 1, 2010. The yield curves match the maturity dates of the individual derivative positions in the hedge book. These figures incorporate the impact of any option features in the underlying exposures.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:333px;"> </td><td colspan="4" style="width: 304px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:304px;">2009</td></tr><tr style="height: 36px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Change in underlying factor (+)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Cash flow hedge accounted </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Non-hedge accounted </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Total change in fair value </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Hedge book</td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Currency(R/$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(+R1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Currency(A$/$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(+A$0.25)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Gold price($/oz)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(+$250)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (12)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (903)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (915)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">USD interest rate (%)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">IR(+0.1%)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (4)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (4)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Gold interest rate (%)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">IR(+0.1%)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 11</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 11</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Convertible bonds</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">AngloGold Ashanti Limited share price (US$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot (+$1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (9)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (9)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Warrants on shares</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">B2Gold Corporation share price (C$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot (+C$0.1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:333px;"> </td><td colspan="4" style="width: 304px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:304px;">2009</td></tr><tr style="height: 36px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Change in underlying factor (-)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Cash flow hedge accounted </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Non-hedge accounted </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">Total change in fair value </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Hedge book</td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Currency(R/$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(-R1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (6)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (6)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Currency(A$/$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(-A$0.25)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Gold price($/oz)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot(-$250)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 12</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 789</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 801</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">USD interest rate (%)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">IR(-0.1%)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 4</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 4</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Gold interest rate (%)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">IR(-0.1%)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (11)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (11)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Convertible bonds</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">AngloGold Ashanti Limited share price (US$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot (-$1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 9</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 9</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">Warrants on shares</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">B2Gold Corporation share price (C$)</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;">Spot (-C$0.1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1)</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 333px; text-align:left;border-color:#000000;min-width:333px;">IR represents interest rate.</td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr></table></div> In the normal course of its operations, the Company is exposed to gold and other commodity price, currency, interest rate, equity price, liquidity and false false false us-types:textBlockItemType textblock This element represents the disclosure of all significant concentrations of risk, including credit risk and market risk, arising from all financial instruments (as defined), whether from an individual counterparty or groups of counterparties. The disclosure concerning concentrations of risk may consist of the following information: (1) for concentrations of credit risk disclosure may include: (a) information about the (shared) activity, region, or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity, (c) the policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into master netting arrangements to mitigate the credit risk of financial instruments, information about the arrangements for which the entity is a party, and a brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk and (2) for disclosure of quantitative information about the market risks of financial instruments that is consistent with the way the Company manages or adjusts those risks, disclosure may include: (a) more details about current positions and perhaps activity during the period, (b) the hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices, (c) a gap analysis of interest rate re-pricing or maturity dates, (d) the duration of the financial instruments, (e) the entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year, or (f) other ways of reporting quantitative information as internally developed. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A, 15B, 15C, 15D false 1 2 false UnKnown UnKnown UnKnown false true